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Strong Close Keeps Outlook........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Strong Close Keeps Outlook Neutral
*RES 4: 3536.87 High Jul 31 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3452.41 High Sep 27 
*RES 1: 3263.72 High Nov 8 
*PREVIOUS CLOSE: 3190.31
*SUP 1: 3090.85 Low Oct 26 
*SUP 2: 3030.00 Up trendline support from 2012 low 
*SUP 3: 2984.48 Low Dec 2 2016 
*SUP 4: 2678.27 Low Jul 1 2016 
While Eurostoxx50 broke below its 21-dma yesterday the strong close keeps the
near-term outlook neutral. Bulls continue to target the Nov 8 high at 3263.73,
above which would trigger an inverse head-and-shoulder pattern targeting the Sep
27 highs. Bears continue to eye the Oct 26 low at 3090.85. Below here would
extend the selloff towards up trendline support from the 2012 low which comes in
around 3030.

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